townhome appraisals: The Property Under Appraised
- 04/04/14 11:26 PM
In the North Metro areas of the Twin Cities appraisals have been coming back fine in most instances. The biggest challenge I have had in the last 6 month is on Townhomes. Many of those appraisal have came back in slightly low. The challenge is that the market has been coming up but for townhomes there are normally exact homes that are recent sales that sold for less, so appraisers wont give any bump for the rising market. On single family non townhomes there are normally homes that they figured out how to stretch the price up due to other homes
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